MON 3/16: NVT – BUYING/ADDING TO (1/3) @ $115.94

9:41 AM – Buying back into NVT this morning as shares are advancing from the 50 DMA with strong volume conviction. That type of action is a bullish sign and often signals renewed institutional demand. I’m now holding essentially a 2/3 position in the stock.

ULTRA Trader’s Tip: Buying From the 50 DMA

  • Bounces from the 50 DMA often signal institutional support.

  • Volume expansion during the move higher confirms real demand.

  • Adding on bullish signs is following the discipline.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.